ASI Market Report

Market Summary, Week ending July 12, 2019

Commercial Feeder Prices, ($/cwt.), St. Onge-Newell, SD (May 30): $165.50-$185; Billings, MT (April 15): $175-$198.

Slaughter Prices – Live, negotiated, 119-182 lbs. $160.86 per cwt.

Slaughter Prices – Formula, 80.40 lbs. carcass weight $301.44 per cwt.

Slaughter Prices “Comprehensive Information”–-Formula & Negotiated, 78.09 lbs. carcass weight $308.46 per cwt.

Equity Electronic Auction, 155 lbs. $141.25.

Slaughter Prices – Non-traditional, 60-90 lbs., San Angelo, TX $146-$198; New Holland, PA $190-$235.

Federally-inspected slaughter (Week ending 6/29/19): 36,108 head

Cutout Value/Net Carcass Value (1), $347.92 per cwt.

Carcass Price, Choice and Prime, YG 1-4, weighted average prices ($/cwt.), No prices reported.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed Loins 4x4 522.83, Rack, roast-ready, frenched (cap-on) 1,614.87, Rack, roast-ready, frenched, special (cap-off) 2,082.88, Leg, trotter-off, partial boneless 523.78, Shoulder, square-cut 305.56, Ground lamb 576.87.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,150.61, AUS Shoulder (fresh, square-cut) 288.91, AUS Leg (fresh, semi boneless) 368.32, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,102.67, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 1,087.05, AUS Shoulder (frozen, square-cut) 261.13.

Exported Slaughter Ewes, 0 head

Wool, ($/pound clean), delivered FOB, From Seven Weeks ago: 18 micron (Grade 80s) NA, 19 micron (Grade 80s) NA, 20 micron (Grade 70s) NA, 21 micron (Grade 64-70s) 5.21, 22 micron (Grade 64s) 5.20, 23 micron (Grade 62s) 4.38-4.87, 24 micron (Grade 60-62s) 4.39, 25 micron (Grade 58s) 3.56, 26 micron (Grade 56-58s) NA, 27 Micron (Grade 54-56s) NA, 28 micron (Grade 54s) NA, 30 micron (Grade 50s) NA, 32 micron (Grade 46-48s) NA, Merino Clippings NA.

Australian Wool, ($/pound clean), delivered FOB, 18 micron (Grade 80s) 5.16-5.85, 19 micron (Grade 80s) 4.97-5.63, 20 micron (Grade 70s) 4.95-5.61, 21 micron (Grade 64-70s) 4.94-5.60, 22 micron (Grade 64s) 4.93-5.59, 23 micron (Grade 62s) NA, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 3.37-3.82, 28 micron (Grade 54s) 2.60-2.94, 30 micron (Grade 50s) 2.15-2.44, 32 micron (Grade 46-48s) 1.51-1.71, Merino Clippings 2.48-2.81.

(1) The cutout value is the same as a net carcass value. It is a composite value that sums the value of the respective lamb cuts multiplied by their weights. It is also the gross carcass value less processing and packaging costs.